What Exactly is Considered a Taxable Remittance 3 – How do I Know What Income or Gains I’ve Remitted
What Exactly is Considered a Taxable Remittance 3 – How do I know what income or gains I have remitted – PDF 1. Suppose we have remitted money from overseas to Malaysia. In that case, it can sometimes be difficult to distinguish between different types of income or earnings, especially if you have more than […]
MOF: Individuals to be Exempted from Tax on Foreign Sourced Income until Dec 31, 2026
Siaran Media Kementerian Kewangan Malaysia: Individuals to be exempted from tax on the Foreign-Sourced income until Dec 31, 2026 KUALA LUMPUR, 30 Dis – The government has agreed to exempt taxation on foreign source income (FSI) for resident taxpayers to ensure the smooth implementation of the tax initiative, said the Ministry of Finance (MoF). The […]
What Exactly is Considered a Taxable Remittance 4 – Should I Remit or Not
What Exactly is Considered a Taxable Remittance 4 – Should I Remit or Not – PDF P/S: According to a press release issued by the Ministry of Finance on 30 December, the government has agreed to exempt overseas income from taxation until 31 December 2026, subject to certain conditions. 1. The Ministry of Finance issued […]
MOF – Individual Tax Residents to be Exempted from Tax on Foreign Sourced Income until 31-12-26
1. It was announced by the Ministry of Finance (MOF) in a press release that the government has agreed to exempt from taxation until December 31, 2026 : 👉 all sorts of foreign income generated by individuals, as well as 👉 dividend income earned by Companies and Limited Liability Partnerships. 2. However, this will be […]
Adoption of ISQM 1, ISQM 2 and ISA 220 (Revised)
1. The Malaysian Institute of Accountants has approved the adoption of: ✅ International Standard on Quality Management (ISQM) 1 Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements, ✅ ISQM 2 Engagement Quality Reviews, ✅ International Standard on Auditing 220 (Revised) Quality Management for an […]
SSM: Movable Property Security Interest (MPSI) Bill
1. In Malaysia, ✅ for incorporated entities, section 353 of the Companies Act 2016 currently regulates the creation, registration, and enforcement of assets for both movable and immovable assets. ✅ However, there is no single legal framework that governs the creation and enforcement of movable assets as security interests created by unincorporated entities (e.g. sole […]
IFRS Foundation announcement on the International Sustainability Standards Board (ISSB)
IFRS Foundation announcement on the International Sustainability Standards Board (ISSB) – PDF 1. The International Financial Reporting Standards (IFRS) Foundation Trustees announced three significant developments at the COP26 global climate change summit in Glasgow, Scotland, on November 3, 2021, to provide the global financial markets with high-quality disclosures on climate and other sustainability issues in […]
MASB Updates No.1 November 2021 – IFRS Interpretations Committee (IFRIC) Agenda Decisions
1. In October 2021, the IFRIC published the following Agenda Decisions: 👉 Non-refundable Value Added Tax on Lease Payments (IFRS 16 Leases) – https://lnkd.in/erU47NX7 👉 Accounting for Warrants that are Classified as Financial Liabilities on Initial Recognition (IAS 32 Financial Instruments: Presentation) – https://lnkd.in/ek38qV7n 2. The IFRS Foundation has also issued Compilation of Agenda Decisions […]
Bursa Malaysia issues updated Corporate Governance Guide (4th edition)
1. On April 28, 2021, Bursa Malaysia Berhad published an updated Corporate Governance Guide (“CG Guide”), intending to maintain that public listed companies (“PLCs”) are provided with comprehensive and practical guidance on all of the recommended practices under the Malaysian Code on Corporate Governance. 2. Please refer to the document in this link: https://t.me/YourAuditor/2486 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻 […]
Amendments to the By-Laws (on professional ethics, conduct and practice) of the MIA
1. The Council of the Institute has approved the revision to Part A of the MIA By-Laws (on Professional Ethics, Conduct, and Practice) incorporating the revisions to the International Code of Ethics for Professional Accountants (Including International Independence Standards) as follows: 👉 Revisions to Part 4B of the Code to Reflect Terms and Concepts Used […]
